30 YR Land Lease - Critical Piece - Tucson, AZ 85714
30 Year Ground Lease Land | 0.657 acres
Marketing description
This small corner lot of land is instrumental to the tenants mission and operations.
The adjacent hotel is on a 99 year land lease for $1 a year with Philanthropist Humberto Lopez.
Humberto Lopez Family Foundation Purchased the Former Holiday Inn to Create a One-Stop Refuge Providing Holistic Support for Guests as they Journey into Self Sufficiency.
All the hotel utilities run through the lot and would need to be relocated without this piece.
The tenant’s signage is on the lot.
The original reason this piece was leased by the hotel was to meet parking ratio requirements.
Investment highlights
Critical Land Lease for the Adjacent Humberto S. Lopez Center of Opportunity - All the Utilities to the Center Run through the Lot with No
Easement and the Lot is Also Needed to Meet Parking Municipality Requirements
Recently Extended 25 Year Lease a 50 Year Ground Lease that is Below Market Rent
Humberto Lopez Family Foundation Purchased the Former Holiday Inn Holidome to Create a One-Stop Refuge Providing Holistic Support for
Guests as they Journey into Self-Sufficiency. The Lease was Assigned to Lopez as Part of the Sale
Https://centerofopportunity.org/about
±30 Years Remaining in Term with 10% Rent Increase in January 2026
8% Rental Increase Every Five Years | No Options
Positioned at the Hard Corner of E Michigan St and S Palo Verde Rd
Property is in Close Proximity to University of Arizona Medical Center South Campus, Kino Sports Complex, Davis-Monthan Air Force Base, Raytheon and Butterfield Business Park
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